HSBC Buys Back Final Batch of Shares Under Repurchase Program

MT Newswires Live
07/28

HSBC (HKG:0005) bought back for cancellation the final batch of shares from Morgan Stanley to conclude the lender's repurchase program, according to a Hong Kong bourse filing Monday.

The bank bought 32,880 shares from UK avenues, which include the London Stock Exchange, Aquis Exchange, and Cboe Europe, at a volume-weighted average price of 9.56 pounds sterling each.

HSBC also repurchased a further 348,800 shares from the Hong Kong Stock Exchange at a volume-weighted average price of HK$101.74 apiece.

Following the purchases, the company's buyback had concluded, HSBC said.

Throughout the entirety of the program, the company repurchased for cancellation 151,454,350 shares from UK avenues at a volume weighted average price of 8.82 pounds sterling each, and 101,298,000 on the Hong Kong Stock Exchange at a volume weighted average price of HK$92.777 apiece.

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